Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
While UK markets are slowly returning to normality after Monday’s bank holiday, Sterling remains under further selling pressure and currently languishes below 1.3100 versus the Dollar following the Fed comments. UK second quarter GDP figures provided some support, printing at 2.2% as predicted.
VIEW FULL ARTICLESterling was unable to continue its run of form against it’s peers yesterday as the recent recovery it had shown started to fade. The latest CBI retail sales survey was stronger than expected with a strong rebound to 9 for August from -14 previously.
VIEW FULL ARTICLESterling recorded gains for a third straight day against the Euro and the Dollar, reaching fresh three-week highs versus the Dollar - above 1.3230. The Pound also penetrated the psychological barrier of 1.1765 against the Euro and soared above 133.00 versus the Japanese Yen.
VIEW FULL ARTICLEPositive sentiment surrounding Sterling pushed the British currency to a second consecutive day of gains yesterday, with GBPEUR rising to seven-day highs and GBPUSD peaking just past 1.3200.
VIEW FULL ARTICLEYesterday’s empty economic calendar was reflected by the lack of trading volumes throughout the currency market. There was little volatility between all major pairs and news was dominated by other factors.
VIEW FULL ARTICLEPublic Sector Net Borrowing in July fell by £272m more than expected, pushing Sterling pretty close to breaking through 1.3150 versus the Dollar on Friday and the pair dropped below 1.3030 after the UK market shut for the weekend.
VIEW FULL ARTICLESterling saw the first day of substantial gains yesterday as a result of Retail Sales data that smashed expectations and demonstrated that Brits are still hitting the high streets. The increase from -0.9% to 1.4% for the month of July was significantly larger than the expected increase of 0.1%, causing...
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